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Do hacks, scams, drug dealings, and other illegal activies create a subsection of dirty coins that will never make it back to bitcoin exchanges and thus will never influence the price of bitcoin once removed from the clean bitcoin pool?
In stocks, there are restricted shares and free trading shares. Exactly how it sounds restricted shares can not be sold. My question is once a bitcoin becomes used for criminal activity does the bitcoin become similar to restricted share and removed from the free trading basket? Example John buys $100 of bitcoin from a exchange and send them to drug dealer. The drug dealer cashes them out via non-exchange method such as cash by mail or cash in person. These cash transaction would not effect the price on the exchange and would likely be bought by someone who values privacy. In this example $100 of free trading bitcoin would become restricted coins...... Or do somehow these coins eventually make their way back to the trading exchanges? tl;dr once bitcoins enter the black market economy they are removed from the free trading float and become restricted, right? bullish
"The mass majority of people scrambled to purchase whatever Bitcoin they could, and as a result, the price of Bitcoin soared from $100,000 to $2,000,000 dollars per coin, before the fiat peg was finally broken. Liquidity dried up and nobody would sell a single satoshi. Fiat collapsed into oblivion."
The supply of bitcoin is strictly limited!! Just never mind that BTC miners are now holding "inventory", because there isn't enough actual-dollar market demand to sell the freshly mined coins at the price they need to
08-31 08:37 - 'coins being sold on the private market affects the supply of coins available for sale on the open market, therefore it does affect price.' by /u/BitcoinFan7 removed from /r/Bitcoin within 666-676min
08-31 08:18 - 'Well, i believe both will drive prices high in their own way, people hunt for returns, whether it s by holding 1btc for an year or getting into defi coins or whatever, there are phases for everything and defi is the phase...' by /u/LeThaLxdARk removed from /r/Bitcoin within 622-632min
''' Well, i believe both will drive prices high in their own way, people hunt for returns, whether it s by holding 1btc for an year or getting into defi coins or whatever, there are phases for everything and defi is the phase now, combine all the elements defi brings with fomo and all of that, with something that will also drive btcs price higher, and then you have a price surge for everything, money coming in are good no matter if they re in btc or alts, the crypto market will boom ''' Context Link Go1dfish undelete link unreddit undelete link Author: LeThaLxdARk
Roger Ver:"The endgame for #Bitcoin "hodlers" is selling their coins at a higher price for more fiat. The endgame for #BitcoinCash users is to replace the entire financial system so that fiat is irrelevant."
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